Agritourism Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44025
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The agritourism market size has the potential to grow by USD 4.33 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.37%. 

This report provides a detailed analysis of the market by application (domestic and international) and geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Agrotours Inc.
  • AgTours.US
  • Diniscor
  • Domiruth PeruTravel
  • Innisfail Travel Service Ltd.
  • Liberty Hill Farm 
  • Nokyo Tourist Corp.
  • Quadrant Australia
  • Star Destinations
  • Stita Group

 

The agritourism market is fragmented and the vendors are deploying growth strategies such as investing in new technologies and offering customized solutions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the growing tourism industry to achieve growth opportunities. However, factors such as risks associated with fraudulent vacation rental houses, apartments, and homestays will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the agritourism market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This agritourism market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Agritourism Market: Key Drivers and Trends

  • The growth of the global travel and tourism industry is significantly contributing to the growth of the agritourism market.
  • Several governments worldwide have implemented strategies to accelerate the growth of their tourism industry.
  • In recent years, the demand for farm stays, private homes, cabins, beach houses, villas, and cottages in and around agricultural lands has increased considerably.
  • The growing popularity of instant bookings, one of the key agritourism market trends, will have an impact on the agritourism market. 
  • In recent years booking processes have become associated with minimal or zero wait time.
  • Online agritourism sites facilitate the real-time booking, which has increased the convenience of booking agricultural tours and is contributing to increased customer satisfaction.

 

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Agritourism Market: Segmentation by Geography

Agritourism-Market-Market-Share-by-Region-2020-2025

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for agritourism in North America. Market growth in North America will be faster than the growth of the market in other regions.

The increased inclination toward experiencing the rural heritage and culture among touring families who require a larger accommodation at comparable prices will facilitate the agritourism market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Agritourism Market: Segmentation by Application

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The agritourism market share growth by the domestic segment will be significant during the forecast period. Factors such as the presence of affordable wellbeing retreats and a significant increase in the number of company-sponsored vacations are expected to accelerate the growth of this segment during the forecast period. The popularity of domestic agritourism is also attributable to a rise in the number of conservation programs worldwide to save cultural and historical heritage from extinction. 

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the agritourism market size.

 

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Key Highlights of the Agritourism Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive agritourism market growth during the next five years
  • Precise estimation of the agritourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agritourism industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agritourism market vendors

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Agritourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2021-2025

$ 4.33 billion

Market structure

Fragmented

YoY growth (%)

0.2

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, China, Germany, France, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agrotours Inc., AgTours.US, Diniscor, Domiruth PeruTravel, Liberty Hill Farm , Nokyo Tourist Corp., Quadrant Australia, Star Destinations, Innisfail Travel Service Ltd., and Stita Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Domestic - Market size and forecast 2020-2025
    • International - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Impact of seasonality on agritourism
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Agrotours Inc.
      • AgTours.US
      • Diniscor
      • Domiruth PeruTravel
      • Innisfail Travel Service Ltd.
      • Liberty Hill Farm 
      • Nokyo Tourist Corp.
      • Quadrant Australia
      • Star Destinations
      • Stita Group

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The agritourism market growth will increase by $-17.07 billion during 2019-2024.
      The agritourism market is expected to grow at a CAGR of -7.95% during 2019-2024.
      Technavio has segmented the agritourism market by type (Domestic and International) and geographic (North America, Europe, APAC, South America, and MEA).
      Agrotours Inc., AgTours.US, Beijing Youth Travel Agency Co. Ltd., Diniscor, Domiruth PeruTravel, Innisfail Travel Service Ltd., Nokyo Tourist Corp., Quadrant Australia, Star Destinations, Stita Group are a few of the key vendors in the agritourism market.
      MEA will register the highest growth rate of 4.10% among the other regions. Therefore, the agritourism market in MEA is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the agritourism market growth are:
      • Growing tourism industry
      The agritourism market vendors should focus on grabbing business opportunities from the domestic segment as it accounted for the largest market share in the base year.
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